ZeroPip Trading Journal

Hello everyone and wellcome...
My pourpose in this thread is to share my ideas and decisions about trading. I don´t have a specific method, system or strategy, but mainly I will use fundamental and simple technical indicators, specially divergences... it is easy to understand... and follow
I will be very glad to read your opinions...
Thank you...

Feb 24: +224 pips
Feb 25: +131 pips
Feb 26: +0 pips

I don´t see any special signal to enter intraday...
I have planned enter short NZDUSD... although market is low volume... there`s a divergency that show a possible reassume of downtrend...
Entered short at 0.6940 1st target 0.6900 (previous support from yesterday)... 2nd target open (SL 0.6980... moving at BE when pass 0.6920 and then as the m,arket shows...)
I am abstaining to enter other pairs right now... maybe I will enter EURUSD, and EURGBP using breakout technique...

http://img694.imageshack.us/img694/3013/jshoto.jpg

I must add that this divergency is not classic and I am asuming risk...

Hi ZeroPip, do you use stop loss? if you do, would you mind to tell me where did you put it and the criteria you used?

SL 0.6980... around 50% fib ret of last down movement... current price is around 76.4% fib ret...

SL moved at 0.6940...

NZDUSD
1st target reached... 0.6900... +40 pips...
2ns target open... SL moved to 0.6920 ... (securing +20 pips)...

Looks like GBPUSD is going to drop... I have opened only one short position at 1.5450... SL 1.5510 ... target open... SL moving if 1.5400 is surpassed...

http://img682.imageshack.us/img682/963/jshotx.jp

I am closing GBPUSD at 1.5420 (+20 pips)... and reentered NZDUSD at 0.6930 only one position and targeting 0.6870 ... SL at 0.6960 ...

Today´s profit:
NZDUSD: +40 +20 = +60
GBPUSD: +20 = +20
Total: +80 pips...

USDCHF is showing another hidden divergence and probably price will go up...
I am entering at 1.0770... targeting 1st 1.0810... 2nd 1.0850... SL 1.0700.
I will follow this pair so I will move SL at BE and then retarget as market shows...

http://img689.imageshack.us/img689/6001/jshotw.jpg

USDCHF SL moved at 1.0770...

USDJPY showing the same pattern... entering long at 90.11 targeting 90.61 and SL 89.80 ... moving SL when be 20 pips up


http://img193.imageshack.us/img193/2030/jshotq.jpg

USDCHF first target reached +40 pips... 2nd order open... SL moved 1.0790...
USDJPY still open and with +7 pips...

Today´s profit (Feb 24th):
NZDUSD: +40 +20 = +60
GBPUSD: +20 = +20
USDCHF: +40 = +40

USDCHF: 1 position... entered at 1.0770 target 1.0850 SL 1.0790
USDJPY: 1 position... entered at 90.11 target 90.61 SL 89.80
NZDUSD 1 position... entered at 0.6930 target 0.6860 SL 0.6960

Total closed: +120 pips

USDCHF 2nd position reached target +80 pips
USDJPY 1 position reached SL -31 pips
NZDUSD 1 position with SL moved at 0.6890 (securing +40 pips)

Today´s profit (Feb 24th):
NZDUSD: +40 +20 = +60
GBPUSD: +20 = +20
USDCHF: +40 + 80 = +120
USDJPY: -31 = -31
Total: +169 pips

NZDUSD still open: entered at 0.6930... target 0.6830 (moved)... SL 0.6890

NZDUSD: I´m closing now at 0.6875 (+55 pips)...

I´m going to take some rest... I don´t see signals to enter... market is making its moves but not optimal from my point of view... I will return before Euro session starts to take a look for signals...

Today´s profit (Feb 24th):
NZDUSD: +40 +20 +55 = +115
GBPUSD: +20 = +20
USDCHF: +40 + 80 = +120
USDJPY: -31 = -31

Total for Feb 24th: +224 pips

All positions were closed.

I´m looking on the charts... AUDUSD and NZDUSD sign a possible trend correction coming... I think I´m late to take that correction impulse in NZDUSD... so I am entering only AUDUSD...

AUDUSD
1 position: entered at 0.8880... target 0.8930... SL 0.8850

AUDUSD 1hr chart -- RSI 14
http://img109.imageshack.us/img109/630/jshotpc.jpg


NZDUSD 1hr chart - RSI 14
http://img37.imageshack.us/img37/4386/jshotj.jpg

AUDUSD moving SL to 0.8880....

EURJPJ shows a possible enter sign.... I´m looking for correction...

EURJPY
Entering at 120.60... 1st target 121.40... 2nd target 122.60... SL 110.80... I will follow actively...

http://img191.imageshack.us/img191/2930/jshot.jpg

I´m closing AUDUSD at 0.8903 because I don´t like other USD pairs are showing... earned +23 pips...

Looks like a good enter zone for EURGBP looking for retracement...

EURGBP:
entering short: 0.8820... target 0.8780... SL 0.8850..

http://img713.imageshack.us/img713/2930/jshot.jpg